A bill to amend the Internal Revenue Code of 1986 to allow the payment of dividends on the stock of cooperatives without reducing patronage dividends.

Fact Sheet API

Bill Number

S 785

Introduced

Apr 3, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)

Sponsor

Cosponsors

Topics

Commerce Cooperative societies Dividends Finance and Financial Sector Income tax Stocks Tax exclusion Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to provide that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.

Actions

Apr 3, 2003

Introduced in Senate
Apr 3, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)
Apr 3, 2003

Sponsor introductory remarks on measure. (CR S4836-4837)

Amendments

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